- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Board of NLC India Limited has addressed a fine imposed by Stock Exchanges due to non-compliance with Corporate Governance conditions under SEBI (LODR) Regulations for the quarter ended September 30, 2024. The fine was discussed in a recent board meeting, during which it was acknowledged that the company did not have the requisite number of Independent Directors on its Board. To mitigate future penalties, the Board has recommended communicating with the Ministry of Coal to ensure the appointment of the required number of Independent Directors. Stakeholders should monitor this situation closely as it could impact corporate governance standing and investor confidence.